"Strategy sold Bitcoin."
And suddenly the same question appeared everywhere: Is this the beginning of the end?
Let's be honest. Most people don't care about Bitcoin's philosophy, decentralization or monetary theory.
They care about one thing: Will Bitcoin's price crash because Strategy sold?
Fair question.
But before panic takes over, let's separate two things that often get confused: Bitcoin and Strategy. They are not the same.
Strategy is a company. Bitcoin is a network.
Strategy built one of the most aggressive financial structures ever seen around a single asset: debt, convertible notes, preferred shares, capital raises and leverage on top of leverage.
For years, it worked brilliantly.
But when a leveraged structure experiences stress, selling can become part of the game.
That doesn't automatically mean the underlying asset is broken.
In fact, something interesting happened.
Yes, Bitcoin corrected when the news came out.
But the market also responded quickly. Buyers stepped in. Volumes recovered. The network kept producing blocks exactly as before.
Which brings us to the real question: If Strategy sold 400,000 BTC tomorrow, would Bitcoin go to $5,000?
Maybe there would be short-term pain. Maybe volatility would spike. Maybe headlines would scream apocalypse.
But long-term?
Bitcoin doesn't ask for permission. It doesn't depend on one company. It doesn't depend on one CEO. And it certainly doesn't depend on one balance sheet.
This is probably the most important distinction.
Strategy can succeed. Strategy can fail. Strategy can reinvent itself.
Bitcoin will continue doing what it has done for the last 17 years: settling transactions, producing blocks and ignoring the drama.
Ironically, one of Michael Saylor's most famous ideas still remains relevant: You don't sell your Bitcoin.
The market will decide whether that remains true.
But if your investment thesis depends entirely on what one company does, perhaps your thesis was never really about Bitcoin in the first place.
What do you think?
If Strategy were forced to sell a significant portion of its holdings, would it fundamentally change Bitcoin's future, or only create temporary volatility? 馃А
